Modest changes
The US dollar is slightly higher after the better-than-expected jobs report, but off initial peak levels.
EURUSD: EURUSD has fallen to as low as 1.1755 but has rebounded to 1.1768 currently. The pair is trading between the 200 hour MA above at 1.1780 and the 100 hour MA below at 1.17474.
USDJPY: USDJPY is back to a new session high at 110.679. The Asian session high was at 110.662. The pair is currently at 110.62. At today’s low, price held against the 100 hour MA (blue line) and the 38.2% retracement at 110.351.
GBPUSD: GBPUSD dropped to 1.3805 post-report low and edged higher. The pair is currently trading at 1.3817. At today’s high, price moved above the 50% retracement, but stalled in a swing zone between 1.3846 and 1.38558. The 1.38558 was the high for the start of the week. On the downside, the pair stalled in another swing zone between 1.3801 and 1.38116 (see green numbered circles). These swing zones will define the limits
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